As we begin the new year, it's essential for anyone who currently owns a home in Cincinnati, or if you are thinking about buying or selling this year, to stay informed about the real estate market in Cincinnati, OH. Today we are specifically discussing the neighborhood of Oakley in this blog post, which is in the 45209 area code. So, let's dive right in and take a look at the numbers.
January 2024 Oakley Real Estate Market News
Currently, we have a low 1.21 Months Supply of Inventory in our market. Over the last 12 months, we've seen a significant decrease of -27.54% in the Months Supply of Inventory. This means that homes are selling faster than ever, creating a competitive market for buyers
ACTIVE LISTINGS: 17 Single Family Homes, prices range between $250,000 to $989,900
***10 of the 17 are New Construction or To be Built homes.
The median days on the market is just 22 days. This means that homes are selling swiftly, allowing sellers to move on to their next adventure and buyers to find their dream homes efficiently.
PENDING LISTINGS: 15 Single Family Homes, prices range between $249,900 to $1,265,625
The List to Sold Price percentage stands strong at 98%. This indicates that homes are selling close to their list price, showcasing a robust market and favorable conditions for sellers.
SOLD LISTINGS: 24 Single Family Homes, prices range between $177,000 to $1,059,162
*** sold in last 3 months
The Oakley, Cincinnati real estate market is heating up as we get ready to head into Spring! As always, shop local for your lender and your real estate agent- they'll help you reach your goals!
If you have any questions or need assistance with buying or selling a property in this area, please don't hesitate to reach out to me. I'm here to help!
Buying a House in Oakley, What To Expect
Buyers, get your paperwork and financials in order. Due to the limited supply of homes available for potential buyers to choose from homes are selling faster than ever. This is creating a competitive market for buyers with potentially limited negotiating power, so you must be ready to act quickly and put your best offer forward from the start. Make smart, informed decisions by staying on top of the market data and what's trending. When you partner with an experienced realtor they will be able to provide you with valuable insight on the current state of the Oakley real estate market and can guide you through these dynamic market conditions.
Selling a House in Oakley, What To Expect
Sellers, spruce up your home, turn-key properties that are professionally marketed will sell for the most money! With strong buyer demand for homes in the Oakley, OH area and low inventory levels, you have an opportunity to sell your property faster than in many other markets. This not only shows that the market is strong, but you also have the potential to achieve a competitive price for your home, potentially creating a multiple-offer situation. Be careful not to get caught up in all the excitement- it is more important now than ever before to fully vet your potential buyer before accepting a contract. When you partner with an experienced realtor they will be able to provide you with valuable insight on the current state of the Oakley real estate market, how to minimize risk and maximize success when accepting an offer, and can guide you through these dynamic market conditions we are currently experiencing.
About The Author:
The above article “Oakley, OH Real Estate Market Update” was provided by Kelly Gibbs. Kelly can be reached via email at kelly@kscincy.com or by phone at 513-290-6216.
If you’re thinking of buying or selling a home or an investment property in the Cincinnati area I would love to share my marketing knowledge and expertise to help you! Contact me today!
I service the following Greater Cincinnati, OH areas: Amberly, Anderson Township, City of Cincinnati, Clifton, Columbia Tusculum, Blue Ash, Deer Park, Hyde Park, Indian Hill, Kennedy Heights, Kenwood, Loveland, Madeira, Madisonville, Mariemont, Mason, Milford, Montgomery, Mt. Lookout, Mt. Washington, Newtown, North Avondale, Northside, Norwood, Oakley, Pleasant Ridge, Silverton, Sycamore Township, Symmes Township, and Walnut Hills.